Dixon Technologies Q3 Review - Strong Structural Story: Dolat Capital
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Dolat Capital Report
Dixon Technologies India Ltd.’s sales came in at Rs 21.8 billion mainly driven by growth of 199% YoY in consumer electronics and 114% YoY growth in mobiles segment.
Ebitda grew by 95% YoY but margins were lower 60 basis points due to adverse material cost impact. Profit after tax was also strong at Rs 616 million.
The company continues to remain the best play on production linked incentive in India.
Besides, it has multiple growth options including upcoming opportunities in electronic manufacturing, apart from mining existing customers/products.
Strong customer addition, diversification and fungibility of manufacturing are its strength.
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